On Monday, Turkish President Recep Tayyip Erdogan said that his country will boycott US-made electronic goods amid a diplomatic spat with the United States that has led to a Turkish currency crisis.
Last week, Turkey was hit by a financial shockwave as the lira nosedived over concerns about the government’s economic policies and a trade and diplomatic dispute with the United States. He showed no signs of backing down in the stand-off and suggested that Turkey would stop procuring US-made iPhones and buy Korean Samsung or Turkish-made Vestel instead. Erdogan also renewed a call for Turks to convert their dollars into the Turkish lira, to help strengthen the currency.
The Turkish currency nosedived in value over concerns about Erdogan’s economic policies and after the United States slapped sanctions on Turkey angered by the continued detention of an American pastor.
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